CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Call Rates Edge Lower to 4.80% as New Cycle Opens

By ThePip DeskCall Rates Edge Lower to 4.80% as New Cycle Opens

Interbank call rates dropped to 4.80% as demand eased at the start of the new reporting cycle. Explore key borrowing metrics and market data.

Interbank call rates eased to 4.80% as demand softened at the start of the first week of the reporting cycle, down from 5.10% on Friday.

The weighted average rate in the call money market stood at 5.07% on Tuesday, compared with 5.02% on Friday according to official figures.

Key Borrowing Metrics

Market data highlights the following rates and volumes recorded during the session:

Overnight borrowing rates touched a high of 5.15% and a low of 4.60%.

CCIL data showed the weighted average rate in the TREP market at 4.87% with a total volume of Rs 499646.75 crore.

The weighted average rate in the Basket REPO market reached 4.97% with total volume standing at Rs 95525.02 crore.

Contributing Institutions

Indicative call rates closing at 5.10% on Friday included contributions from multiple major banking institutions.

Contributing entities comprised Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, IndusInd Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, and Standard Chartered.

Home/banking/Article